I fully agree they were fighting to save their life. They can't handle their customer trades they should shut down until they can.
Really they should have a system to only allow buying with settled funds. I'd be fine with that.
And Robinhoods actions affect on GMEs price was likely small. The investing world is far larger than Robinhood, and Citadels own statistics show retail investors have been net sellers of GME since Monday.
And again, every time that GMEs price crashed, Robinhood’s collateral requirements increased. Why would they try to kill themselves?
Saying they manipulated GME trading is like saying one pirhana quitting the school is manipulating the feeding frenzy.
You clearly weren’t watching the order book the second this started. The effect was immediate and severe.
While that is more than fair for WSB traders who caused this mess, there are likely many hundreds of thousands of innocent customers who may have not bought one share in GME getting the same punishment.
It might create a liquidity crunch for some people but the idea that people would only get a fraction of their account is pretty much FUD.